Debt Crisis


The debt crisis is when a country most likely third world has a problem with its economy and can not produce enough of an income to provide essential public services. So a more developed country loans a large sum of money to help the country out of its "deppresion" in return the struggling country must allow that country or company to provide a service that the country will use and only use that country or company. When the country is loaned a service or money it is usually so large of an amount a giant debt is created that the struggling country can never pay back so the helping country provides debt relief or forgivness of loans that stops the intrest growth.

More information on debt crisis refer to tied aid
Example: An example is thailands 1$ trillion dollar debt.
For more information about the debt refer to:
http://www.nectec.or.th/bureaux/tdri/mep_fore.htm
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